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FinancialNews
30-06-19
Morocco launches Tanger Med expansion plans
(MENAFN) Morocco is launching expansion plans, valued at USD2.8 billion, for the Tanger Med at its major cargo port.
Following long months of operational tests, the expansion project for the Tanger Med has formally commenced.
The innovative berth is covering more than 1,600 meters and is estimated to present a capacity of 4.2 million iron containers.
Through the project, the overall capacity of the whole port complex will see a hike to stand at 9 million containers.
As per the project, Morocco will be establishing another 400-meter extension, allowing for the accommodation of around 1 million containers.
MENAFN3006201900450000ID1098705036
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